The Stanford Group becomes the ninth largest Uniswap delegate, overtaking UC Berkeley

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The Stanford Blockchain Club is one of the largest delegates to the Uniswap exchange, overtaking a group of students at rival California University, UC Berkeley.

The student-run blockchain club verified itself as a Uniswap delegate on Tuesday after garnering 2,524,711 votes, according to Sybil, a governance tool from Ethereum. This puts Stanford in ninth place with 2,524,711 votes, ahead of UC Berkeley’s CalBlockchain.

Dharma and EOA remain the two largest delegates, each with over 15 million votes.

Uniswap’s top 10 delegates now include two academic institutions highlighting the different actors that contribute to the governance of exchanges. As Cointelegraph reported last month, UC Berkeley has joined Uniswap’s governance protocol to showcase the group’s research in the blockchain space.

The Stanford Blockchain Club was founded in 2014 as a student organization “for everything blockchain, crypto-economy and cryptocurrency”.

Stanford has carved out an active presence in blockchain research. The university operates the Stanford Center for Blockchain Research, which “brings together engineering, law and economics faculties, postdocs, students and visitors to work on technical challenges in this area.”

A peer-reviewed paper entitled “An Analysis of Uniswap Markets” also appears on the Stanford website. The paper gives a favorable overview of the decentralized exchange and calls it “stable under a variety of market conditions”.

According to the data aggregator CoinMarketCap, Uniswap has become the largest decentralized exchange in the world in terms of volume. As of Wednesday, Uniswap had around 42% of DEX’s market share.

Efforts to reach the Stanford Blockchain Club have been unsuccessful.